See more : AE Holding I, Inc. (APLN) Income Statement Analysis – Financial Results
Complete financial analysis of Whitestone REIT (WSR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Whitestone REIT, a leading company in the REIT – Retail industry within the Real Estate sector.
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Whitestone REIT (WSR)
About Whitestone REIT
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 147.92M | 140.58M | 125.37M | 117.92M | 119.25M | 119.86M | 125.96M | 104.44M | 93.42M | 72.38M | 62.15M | 46.55M | 34.92M | 31.53M | 32.69M | 31.20M | 30.98M | 29.84M | 25.22M | 23.48M | 20.97M | 20.76M | 125.37M |
| Cost of Revenue | 45.96M | 43.30M | 39.32M | 38.58M | 36.90M | 37.43M | 42.11M | 34.09M | 31.34M | 25.15M | 23.51M | 17.64M | 13.33M | 12.28M | 12.99M | 13.19M | 9.17M | 10.93M | 8.25M | 6.25M | 5.36M | 5.72M | 39.32M |
| Gross Profit | 101.96M | 97.28M | 86.04M | 79.34M | 82.35M | 82.43M | 83.85M | 70.35M | 62.08M | 47.23M | 38.64M | 28.92M | 21.59M | 19.25M | 19.69M | 18.01M | 21.82M | 18.91M | 16.97M | 17.23M | 15.61M | 15.03M | 86.04M |
| Gross Profit Ratio | 68.93% | 69.20% | 68.63% | 67.28% | 69.05% | 68.77% | 66.57% | 67.36% | 66.46% | 65.25% | 62.17% | 62.11% | 61.83% | 61.05% | 60.25% | 57.72% | 70.42% | 63.38% | 67.28% | 73.38% | 74.43% | 72.42% | 68.63% |
| Research & Development | 0.00 | 0.26 | 0.09 | 0.05 | 0.20 | 0.19 | 0.07 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 20.65M | 18.07M | 22.63M | 21.30M | 21.66M | 23.28M | 23.95M | 23.92M | 20.31M | 15.27M | 10.91M | 7.62M | 6.65M | 4.99M | 6.07M | 6.71M | 6.72M | 4.52M | 2.63M | 2.94M | 2.81M | 2.44M | 22.63M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 20.65M | 18.07M | 22.63M | 21.30M | 21.66M | 23.28M | 23.95M | 23.92M | 20.31M | 15.27M | 10.91M | 7.62M | 6.65M | 4.99M | 6.07M | 6.71M | 6.72M | 4.52M | 2.63M | 2.94M | 2.81M | 2.44M | 22.63M |
| Other Expenses | 0.00 | 32.86M | 28.95M | 28.30M | 26.74M | 25.68M | 27.24M | 22.46M | 19.76M | 15.73M | 13.43M | -2.18M | 8.37M | 7.23M | 5.42M | 6.86M | 10.13M | 6.86M | 6.23M | 5.22M | 4.97M | 4.12M | 68.27M |
| Operating Expenses | 101.96M | 50.93M | 51.58M | 49.61M | 48.40M | 48.96M | 51.19M | 46.38M | 40.07M | 31.00M | 24.34M | 17.85M | 15.01M | 12.22M | 11.49M | 13.57M | 16.85M | 11.38M | 8.86M | 8.15M | 7.78M | 6.56M | 90.90M |
| Cost & Expenses | 93.71M | 94.22M | 90.90M | 88.18M | 85.31M | 86.39M | 93.30M | 80.47M | 71.41M | 56.15M | 47.85M | 35.48M | 28.34M | 24.50M | 24.48M | 26.76M | 26.02M | 22.31M | 17.11M | 14.41M | 13.14M | 12.28M | 130.22M |
| Interest Income | 51.00K | 65.00K | 116.00K | 278.00K | 659.00K | 1.06M | 410.00K | 429.00K | 313.00K | 90.00K | 136.00K | 290.00K | 460.00K | 28.00K | 36.00K | 182.00K | 577.00K | 386.00K | 511.92K | 444.69K | 367.79K | 331.54K | -116.00K |
| Interest Expense | 32.87M | 27.19M | 24.56M | 25.77M | 26.29M | 25.18M | 23.65M | 19.24M | 14.91M | 10.58M | 10.15M | 8.73M | 5.73M | 5.62M | 5.75M | 5.86M | 5.40M | 5.30M | 3.77M | 2.66M | 1.32M | 1.57M | 24.56M |
| Depreciation & Amortization | 33.06M | 92.98M | 85.38M | 90.26M | 85.75M | 85.75M | 94.87M | 82.86M | 19.76M | 15.73M | 13.43M | 10.23M | 7.75M | 7.23M | 6.96M | 6.86M | 6.34M | 6.48M | 6.10M | 5.22M | 4.76M | 4.04M | 28.95M |
| EBITDA | 87.18M | 78.36M | 64.14M | 59.23M | 76.42M | 61.24M | 58.33M | 46.41M | 41.77M | 31.96M | 27.07M | 19.41M | 15.65M | 13.69M | 13.62M | 5.80M | 5.88M | 8.74M | 14.21M | 14.30M | 12.59M | 12.51M | 65.38M |
| EBITDA Ratio | 58.94% | 55.74% | 51.16% | 50.23% | 64.08% | 57.26% | 47.88% | 44.86% | 45.05% | 44.27% | 44.83% | 41.70% | 44.11% | 45.81% | 46.50% | 36.80% | 38.31% | 46.18% | 56.34% | 60.90% | 60.03% | 60.29% | 52.15% |
| Operating Income | 48.34M | 46.66M | 35.19M | 30.93M | 49.68M | 33.47M | 32.66M | 23.97M | 22.01M | 16.23M | 14.29M | 11.07M | 1.31M | 1.44M | 2.49M | 4.44M | 4.97M | 7.53M | 8.11M | 9.08M | 7.83M | 8.47M | 10.42M |
| Operating Income Ratio | 32.68% | 33.19% | 28.07% | 26.23% | 41.66% | 27.93% | 25.93% | 22.95% | 23.56% | 22.42% | 23.00% | 23.78% | 3.74% | 4.57% | 7.63% | 14.23% | 16.03% | 25.24% | 32.15% | 38.66% | 37.34% | 40.81% | 8.31% |
| Total Other Income/Expenses | -28.44M | -11.29M | -29.09M | -26.78M | -10.95M | -38.91M | -23.69M | -15.56M | -14.78M | -10.60M | -10.38M | -3.55M | 0.00 | -5.45M | -4.37M | -5.90M | -5.26M | -4.68M | -1.89B | -2.99B | -3.03B | 0.00 | -224.00K |
| Income Before Tax | 19.90M | 36.22M | 10.81M | 6.53M | 24.03M | 22.33M | 9.25M | 8.42M | 7.23M | 5.63M | 4.22M | 339.00K | 1.56M | 2.00M | 2.30M | -1.23M | 94.00K | 1.78M | 2.45B | 3.42B | 3.47B | 0.00 | 10.20M |
| Income Before Tax Ratio | 13.45% | 25.77% | 8.62% | 5.54% | 20.15% | 18.63% | 7.35% | 8.06% | 7.74% | 7.78% | 6.80% | 0.73% | 4.46% | 6.34% | 7.03% | -3.96% | 0.30% | 5.97% | 9,707.60% | 14,578.73% | 16,565.02% | 0.00% | 8.13% |
| Income Tax Expense | 450.00K | 422.00K | 385.00K | 379.00K | 400.00K | 347.00K | 386.00K | 289.00K | 372.00K | 282.00K | 305.00K | 286.00K | 225.00K | 264.00K | 222.00K | 219.00K | 217.00K | 5.75M | -1.88B | -2.98B | -3.03B | 4.77M | -385.00K |
| Net Income | 19.18M | 35.27M | 12.05M | 6.03M | 23.68M | 21.43M | 8.33M | 7.93M | 6.75M | 7.59M | 3.79M | 50.00K | 1.12M | 1.11M | 1.34M | 1.13M | -77.00K | 1.78M | 2.45M | 3.42M | 3.47M | 3.71M | 12.25M |
| Net Income Ratio | 12.97% | 25.09% | 9.61% | 5.12% | 19.86% | 17.88% | 6.62% | 7.59% | 7.22% | 10.48% | 6.11% | 0.11% | 3.22% | 3.50% | 4.11% | 3.63% | -0.25% | 5.97% | 9.71% | 14.58% | 16.57% | 17.85% | 9.77% |
| EPS | 0.39 | 0.72 | 0.22 | 0.14 | 0.59 | 0.55 | 0.22 | 0.26 | 0.25 | 0.33 | 0.21 | 0.00 | 0.12 | 0.27 | 0.41 | 0.36 | -0.01 | 0.55 | 0.75 | 1.05 | 1.07 | 1.14 | 0.00 |
| EPS Diluted | 0.38 | 0.71 | 0.22 | 0.14 | 0.57 | 0.53 | 0.22 | 0.26 | 0.24 | 0.32 | 0.20 | 0.00 | 0.12 | 0.27 | 0.40 | 0.36 | -0.01 | 0.54 | 0.74 | 1.04 | 1.05 | 1.12 | 0.00 |
| Weighted Avg Shares Out | 49.50M | 49.26M | 45.49M | 42.24M | 40.18M | 39.27M | 35.43M | 27.62M | 24.63M | 22.28M | 18.03M | 13.50M | 9.03M | 4.01M | 3.24M | 3.28M | 5.69M | 3.26M | 3.26M | 3.26M | 3.26M | 3.26M | 0.00 |
| Weighted Avg Shares Out (Dil) | 50.81M | 49.95M | 46.34M | 42.99M | 41.46M | 40.61M | 36.26M | 28.38M | 25.68M | 22.79M | 18.27M | 13.61M | 9.04M | 4.04M | 3.30M | 3.28M | 5.69M | 3.30M | 3.30M | 3.30M | 3.30M | 3.30M | 0.00 |
Whitestone Rewards Investors With 9% Dividend Hike: Is it Sustainable?
WSR raises cash dividend by 9% for the first quarter of 2025 to reward its shareholders.
Whitestone REIT Grows Dividend 9%
HOUSTON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership...
MCB Withdraws Proposal to Acquire Whitestone Due to Whitestone Board's Entrenchment and Refusal to Engage
Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders Reminds Trustees of the Whitestone Board's Fiduciary Duties BALTIMORE , Nov. 18, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer...
How Whitestone REIT is Transforming Sunbelt Retail Growth
Whitestone REIT NYSE: WSR is a real estate investment trust (REIT) with a unique community-centered approach. REITs offer investors a streamlined way to participate in the real estate market without the burdens of direct property ownership, providing potential for dividend...
Whitestone REIT: Weighing Potential Amid Risks
Whitestone REIT has delivered over 35% total returns since November 2023, with a current forward yield of 3.44% and a low P/FFO multiple of 14.62x. Looking at WSR stock, I can see a compelling entry point in terms of the...
MCB Calls on Whitestone to Maximize Shareholder Value
The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics...
Whitestone (WSR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Whitestone (WSR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Whitestone (WSR) Lags Q3 FFO Estimates
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.23 per share a year ago.
Whitestone REIT Responds to MCB Indication of Interest
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) provided the following response to MCB's recent indication of interest:
Whitestone REIT Reports Third Quarter 2024 Results
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it...
Source: https://incomestatements.info
Category: Stock Reports